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Gov't Providing HUF 6 bln in Support for Small Business Entrepreneurs

Government

The government will make available HUF 6 billion in support for Hungarians who want to start their own small businesses from June, State Secretary for Employment Sándor Czomba said this week, according to the conservative daily Magyar Nemzet. 

The program could aid the establishment of more than 1,000 sole proprietorships and microbusinesses, Czomba said. Applicants must enroll in a 90-hour entrepreneur training course and participate in six hours of consultations before submitting a business plan for consideration. 

Successful applicants could get up to HUF 4.5 million in grant money to cover startup costs, including payroll or the costs of goods or services. 

Winners must commit to running their businesses for at least two years and participate in a mentoring program run by OFA Nonprofit. Inquiries can be made from June 1, and registration for the program will start on August 1.

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